Vecima Announces Voting Results from Annual General Meeting
December 12 2022 - 9:23PM
Business Wire
Vecima Networks Inc. (TSX: VCM), today announced the voting
results of its annual general meeting of shareholders held
virtually on December 12, 2022 (“AGM”). All the
shareholders’ resolutions were approved at the AGM.
Election of Directors
The number of directors was set at six and the six nominees of
management were elected as directors at the AGM. In accordance with
the requirements of the Toronto Stock Exchange, the following table
reflects the votes represented by proxy that would have been
withheld from each director nominee had a ballot been called, as a
percentage of votes represented at the AGM:
DIRECTOR
FOR
WITHHELD
Surinder Kumar
17,318,733
99.99%
1,805
0.01%
Sumit Kumar
17,318,733
99.99%
1,805
0.01%
Scott Edmonds
17,318,733
99.99%
1,805
0.01%
Danial Faizullabhoy
16,819,633
97.11%
500,905
2.89%
Rick Brace
17,318,733
99.99%
1,805
0.01%
James Blackley
17,200,233
99.31%
120,305
0.69%
Appointment of Auditors
At the AGM, Grant Thornton LLP was re-appointed as auditors of
the Company for the ensuing year and the directors were authorized
to fix their remuneration.
Approval of Amendments to and Unallocated Options under the
Stock Option Plan
By resolution, the adoption of an Amended Stock Option Plan,
continuance of the Amended Stock Option Plan and the approval of
the unallocated entitlements thereunder until December 12, 2025
were approved by a majority of votes cast at the Meeting.
Approval of Amendments to and Unallocated Entitlements under
the Performance Share Unit Plan
By resolution, the adoption of an Amended Performance Share Unit
Plan, continuance of the Amended Performance Share Unit Plan and
the approval of the unallocated entitlements thereunder until
December 12, 2025 were approved by a majority of votes cast at the
Meeting.
About Vecima Networks
Vecima Networks Inc. (TSX: VCM) is leading the global evolution
to the multi-gigabit, content-rich networks of the future. Our
talented people deliver future-ready software, services, and
integrated platforms that power broadband and video streaming
networks, monitor and manage transportation, and transform
experiences in homes, businesses, and everywhere people connect. We
help our customers evolve their networks with cloud-based solutions
that deliver ground-breaking speed, superior video quality, and
exciting new services to their subscribers. There is power in
connectivity – it enables people, businesses, and communities to
grow and thrive. For more information, please visit
www.vecima.com.
Forward-Looking Statements
This news release and the documents incorporated by reference
contain “forward-looking information” within the meaning of
applicable securities laws. Forward-looking information is
generally identifiable by use of the words “believes”, “may”,
“plans”, “will”, “anticipates”, “intends”, “could”, “estimates”,
“expects”, “forecasts”, “projects” and similar expressions, and the
negative of such expressions. Forward-looking statements in this
news release includes, but is not limited to statements respecting
Vecima’s AGM, the future composition of Vecima’s Board and
committees, the amended stock option plan and the amended
performance share unit plan. The forward-looking statements are
based on material assumptions which may prove to be incorrect. A
more complete list of material factors or assumptions relating to
developing forward-looking information is disclosed under the
heading “Forward-Looking Information” in the Company’s Management
Information Circular. Although management believes that the
forward-looking statements herein or incorporated herein by
reference are reasonable, actual results could be substantially
different due to the risks and uncertainties associated with and
inherent to Vecima’s business. A more complete discussion of the
risks and uncertainties facing Vecima is disclosed under the
heading “Risk Factors” in the Company’s Annual Information Form
dated September 22, 2022, as well as the Company’s continuous
disclosure filings with Canadian securities regulatory authorities
available at www.sedar.com. All forward-looking information herein
is qualified in its entirety by this cautionary statement, and
Vecima disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of
any revisions to any of the forward-looking information contained
herein to reflect future results, events, or developments, except
as required by law.
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Vecima Networks Investor Relations 250-881-1982
invest@vecima.com
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